It starts: forwarders begin to feel the pain as vaccine delivery begins – they get bumped from booked flights. "Singapore Airlines has loaded vaccines in Amsterdam for the past few days," one European air freight forwarder said, "I keep getting offloaded. It began." The UK-licensed Pfizer/BioNTech vaccine...
Serious backlogs at main South Asian transhipment port seem to improve after several weeks of difficulties leading to service cancellations, freight rollovers and supply chains disruption Extreme congestion that has plagued main South Asian transhipment port Colombo appears to ease after several weeks of trouble leading...
According to new research from monitoring data provider Ocean Insights, container rollovers at the world's leading transhipment ports started climbing again last month. After a global decline in rollovers during September, with almost every carrier, there were growing numbers of shipments missing their scheduled loadings. "This should...
The blurred smartphone videos from Sunday night in China look like something out of a science-fiction movie: hundreds of employees in the airport parking surge in white hazmat suits to block the exit. The staff is crying. The security officers shout back into the megaphones. The...
The retail sector has shown signs of resisting the impact of the coronavirus pandemic amid instability in the overall economy, a comprehensive Nov. 19 specialist. "Our economy has certainly improved considerably," said National Retail Federation Chief Economist Jack Kleinhenz during a panel discussion. "The turnaround was...
On Asian trade lanes, shipping lines slapped a raft of peak season and port congestion surcharges. Alphaliner said this week that SCFI spot prices for Chinese exports are expected to continue growing due to carriers' peak season surcharges on "numerous routes or significantly higher FAK rates...
As demand continues to rise in Asia-US, BCOs struggle to ship contracted cargo and increasingly turn to NVOCCs to sustain their broken supply chains. Carriers find bogus excuses to refuse to release equipment at depots in China, in addition to rolling containers without warning. "It's...
Rodolphe Saadé, chairman of CMA CGM, the world's fourth-largest container line, addressed the pressure liners coming down from Beijing amid the red-hot freight climate that causes supply chains to quiver....
Fifteen Asia-Pacific nations, including China, are striving to clinch the world's largest free trade agreement this weekend, the culmination of Beijing's decade-long search for greater economic integration with a region that comprises nearly one-third of the global GDP. The Regional Comprehensive Economic Partnership, which involves countries...
COVID-19 Updates The biggest current impact of COVID-19 is on space and container availability throughout the world. Due to reduced volumes, resulting from the fast-spreading Coronavirus and a corresponding collapse in demand throughout numerous key markets, the ocean carriers have reacted by pulling out capacity in...
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